Worst House on the Street Logo
Monks Road, Lincoln - Image 1
Monks Road, Lincoln - Image 2
Monks Road, Lincoln - Image 3
Monks Road, Lincoln - Image 4
Monks Road, Lincoln - Image 5
Monks Road, Lincoln - Image 6
Monks Road, Lincoln - Image 7
Monks Road, Lincoln - Image 8
Monks Road, Lincoln - Image 9
Monks Road, Lincoln - Image 10
Monks Road, Lincoln - Image 11

Monks Road, Lincoln

East Midlands

£155,000
Listed on 10/09/2025

Property Details

Bedrooms
4
Type
Terraced house
Area
1723 sqft

Description

This traditional four-bedroom terraced house, spread over three floors, presents a valuable opportunity for renovation in a desirable location to the east of Lincoln’s Cathedral. With views overlooking the tranquil Lincoln Arboretum, the property is primed for modernization and personal touches. The interior layout includes an entrance hall leading into multiple reception rooms: a spacious lounge with a bay window, a cozy sitting room featuring a charming fireplace, and a dining room that could serve as a lovely gathering space. The kitchen is functional but in need of updating, offering ample wall and base units along with access to the enclosed rear yard. On the first floor, you’ll find two bedrooms that are well-sized and benefit from natural light. A shower room on this level features necessary plumbing and could be enhanced to modern standards. Ascending to the second floor reveals two additional bedrooms; one includes a walk-in wardrobe, providing flexible storage options. Outside, the enclosed yard features a block-paved patio area—ideal for outdoor seating—and includes both mature shrubs and brick outbuildings which could be repurposed or renovated to enhance functionality. Located close to both amenities and attractions of historic Lincoln—including shops, restaurants, cultural sites like the Castle and Cathedral—this property not only serves as a comfortable living space but also offers significant investment potential for those looking to restore or reconfigure it into their ideal home. Viewing is encouraged to fully appreciate what this property has to offer.

Investment Analysis

(LN2 area)

Below Market Value

This property is priced -64.0% below area average per sq ft

-64.0%
Potential saving
This Property
£90/sq ft
Area Average
£250/sq ft
Avg Rent (weekly)
£220
Avg Yield
3.9%

Renovation Potential

Est. Renovation Cost
£15,500 - £38,750
10-25% of property value
Target Value
£473,162
10% above area average per sq ft
Potential ROI
+144.2%
After renovation
Monthly Sales
42
Average per month
Market Turnover
27%
Properties sold annually

Local Market Trend (LN2)

Area prices are stable by +1.4% over the last 12 months
3 year growth: -1.7%
5 year growth: 16.5%
Investment Disclaimer: Analysis based on LN2 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Monks Road, Lincoln
Map showing location of Monks Road, Lincoln
Open Map